mtech+ Antwerpen: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
mtech+ Antwerpen
Largest movements
- Cash +€1.6m
up €1.6m (+42.6%), from €3.6m to €5.2m
mainly Current investments (+€750,000) and Receivables within one year (+€556,026)
- Current investments -€750,000
down €750,000 (-7.9%), from €9.4m to €8.7m
- Receivables within one year -€556,026
down €556,026 (-15.1%), from €3.7m to €3.1m
of which Other amounts receivable: -€528,040
- Receivables after one year -€206,685
down €206,685 (-11.5%), from €1.8m to €1.6m
- Debts within one year -€550,544
down €550,544 (-24.5%), from €2.2m to €1.7m
of which Trade debts: -€429,131
- Reserves +€547,032
up €547,032 (+3.3%), from €16.6m to €17.2m
- Gross operating margin -€243,590
down €243,590 (-17.8%), from €1.4m to €1.1m
- Financial charges +€99,645
up €99,645, from -€99,105 to €540
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,850,468 | €18,846,956 | -€3,512 | 0.0% |
| Fixed assets | 21/28 | €273,020 | €246,883 | -€26,137 | -9.6% |
| Intangible fixed assets | 21 | €20,242 | €15,402 | -€4,840 | -23.9% |
| Tangible fixed assets | 22/27 | €196,978 | €175,681 | -€21,297 | -10.8% |
| Land and buildings | 22 | €70,017 | €70,017 | = | 0.0% |
| Plant, machinery and equipment | 23 | €8,897 | €6,331 | -€2,566 | -28.8% |
| Furniture and vehicles | 24 | €1,316 | €852 | -€464 | -35.2% |
| Other tangible fixed assets | 26 | €116,748 | €98,481 | -€18,267 | -15.6% |
| Financial fixed assets | 28 | €55,800 | €55,800 | = | 0.0% |
| Current assets | 29/58 | €18,577,448 | €18,600,073 | +€22,625 | +0.1% |
| Amounts receivable after more than one year | 29 | €1,791,606 | €1,584,921 | -€206,685 | -11.5% |
| Other amounts receivable | 291 | €1,791,606 | €1,584,921 | -€206,685 | -11.5% |
| Amounts receivable within one year | 40/41 | €3,670,703 | €3,114,678 | -€556,026 | -15.1% |
| Trade receivables | 40 | €122,844 | €94,859 | -€27,986 | -22.8% |
| Other amounts receivable | 41 | €3,547,859 | €3,019,819 | -€528,040 | -14.9% |
| Current investments | 50/53 | €9,448,119 | €8,698,119 | -€750,000 | -7.9% |
| Cash at bank and in hand | 54/58 | €3,641,899 | €5,194,404 | +€1.6m | +42.6% |
| Deferred charges and accrued income | 490/1 | €25,121 | €7,952 | -€17,170 | -68.3% |
| Total equity and liabilities | 10/49 | €18,850,468 | €18,846,956 | -€3,512 | 0.0% |
| Equity | 10/15 | €16,604,679 | €17,151,712 | +€547,032 | +3.3% |
| Reserves | 13 | €16,604,679 | €17,151,712 | +€547,032 | +3.3% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €2,245,789 | €1,695,244 | -€550,544 | -24.5% |
| Amounts payable within one year | 42/48 | €2,245,789 | €1,695,244 | -€550,544 | -24.5% |
| Trade debts | 44 | €899,329 | €470,198 | -€429,131 | -47.7% |
| Suppliers | 440/4 | €899,329 | €470,198 | -€429,131 | -47.7% |
| Taxes, remuneration and social security | 45 | €106,135 | €105,610 | -€525 | -0.5% |
| Taxes | 450/3 | €27,301 | €27,834 | +€533 | +2.0% |
| Remuneration and social security | 454/9 | €78,833 | €77,776 | -€1,058 | -1.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €550,240 | €556,017 | +€5,777 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,809 | €29,005 | +€2,196 | +8.2% |
| Other operating charges | 640/8 | €30,349 | €29,814 | -€535 | -1.8% |
| Gross operating margin | 9900 | €1,366,608 | €1,123,018 | -€243,590 | -17.8% |
| Operating profit (loss) | 9901 | €1,065,508 | €508,182 | -€557,326 | -52.3% |
| Financial income | 75/76B | €46,074 | €39,390 | -€6,684 | -14.5% |
| Recurring financial income | 75 | €46,074 | €39,390 | -€6,684 | -14.5% |
| Financial charges | 65/66B | -€99,105 | €540 | +€99,645 | |
| Recurring financial charges | 65 | -€99,105 | €540 | +€99,645 | |
| Profit (loss) for the period before taxes | 9903 | €1,210,687 | €547,032 | -€663,655 | -54.8% |
| Profit (loss) for the period | 9904 | €1,210,687 | €547,032 | -€663,655 | -54.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,210,687 | €547,032 | -€663,655 | -54.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.